Firo's Autohaus - Denver, CO
Below-Market Rent | Hard-Corner | Burnham Yard Corridor
Marketing description
Blue West Capital is pleased to offer for sale Firo's Autohaus located at 2801 W 8th Ave in Denver, Colorado.
The offering presents a compelling value-add opportunity with current rent at approximately $16/SF/MG compared to estimated market rents of $40/SF/NNN. With approximately 3 years remaining on the Modified Gross (MG) lease, the value-add strategy can be implemented as early as Year 4.
The property is positioned at the hard corner of W 8th Ave (8,500 VPD) and Decatur St, benefitting from convenient access to Federal Blvd (37,000 VPD), US-6 (153,000 VPD), and I-25 (270,000 VPD). The site is situated approximately one mile west of Burnham Yard, the proposed 58-acre Broncos stadium and mixed-use redevelopment project, within a dense urban corridor supported by more than 262,000 residents and 207,000 employees within three miles.
Investment highlights
- Positioned at the signalized intersection of W 8th Ave (8,500 VPD) and Decatur St
- Below-market rental rate of $16/SF/MG; Estimated market rental rate of $40/SF/NNN
- Approx. 3 years remaining on a Modified Gross (MG) lease with one, six-year option
- Scheduled $3,000/annual rental increases throughout primary term & FMR in options
- Access to Federal Blvd (37,000 VPD), US-6 (153,000 VPD), and I-25 (270,000 VPD)
- Densely populated area with 262,550 people living within three miles
- One mile from Burnham Yards, the proposed site of Broncos 58-acre stadium and $4B mixed-use project
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